We spent approximately $450000 to build our 5000 sq Ft home in 1999
we received $560,000 as a payout from our insurance company
we spent $450,000 to rebuild a 3200 sq Ft home in 2015, but the payout was made in 2014 the same year as the fire
i beleive there was a casualty gain that was listed on taxes in 2014, but I recall that the gain was deferred and not paid in 2014 as it was part of a federally recognized natural disaster area?
im not sure why our accountant didn’t file for a capital gains exclusion and instead opted to list our gain?
